Why Apple stock price plummeted
Apple stock price plummeted last week. It was hit hard by a 5.95% drop, but Apple is the world’s No. 1 company by market capitalization, so volatility is low. Therefore, a decline approaching 6% represents quite large volatility.
But why did Apple take the plunge? There is an article about Chinese government officials banning the use of Apple phones and an issue related to patriotic consumption due to the Huawei Mate 60. Some say that these two issues could affect Apple’s sales.